UPDATE: The son of Cameron producer Jon Landau told CHUD this story is false. Which is both relieving and, in a way, sort of a shame. Original article follows.

Is it April first? Because I can’t figure out any other reason that will.i.am from the Black Eyed Peas would be claiming that James Cameron is directing a concert film for the plastic pop band. Unless Cameron actually is doing the film, in which case…what?

Right now we are planning our 3-D tour movie and James Cameron is directing it…We have the biggest director because we are the biggest group on the planet. The Peas are filming it in South America. People will be able to see us in the theater with the 3-D glasses and everything.

Even better, this won’t just be some flashy 3D Black Eyed Peas on-stage equivalent of gonzo porn…no, this film will have a story. And guess who is behind it? Back to will.i.am:

There will be a storyline that [Cameron] came up with, which will be dope…It’s a full-length film and it’s based around our tour activities.

And given that Cameron’s last film exercise was in world building, this one will appropriately be in world traveling, as will.i.am says that for the film, “We want to go across the planet.”

I have to note here that I don’t actually believe a word of this. I almost hope to be proven wrong, because Cameron working with one of the most forgettable, useless bands to play the world stage would be so insane that it would give us months worth of material. But the man has to have better things to do than this. And I don’t even want to think about Fergie in 3D. Unless she’s going to pee on stage again. In which case this would be the most expensive fetish movie ever made, at which point we’ve come right back around to awesome.